Switzerland-based JMBT Beteilgungen AG — a 100-percent subsidiary of family-owned Jakob Müller Holding AG and affiliate of Jakob Müller AG, Switzerland — has acquired 100-percent of the shares of Benninger AG from Benninger Holding AG, thus expanding the company’s offerings into a related business segment.
Benninger develops, manufactures and sells textile finishing systems, tire-cord production systems, and process automation equipment. The company employs approximately 330 people; 110 of the associates are located in Switzerland.
This is the second purchase by Müller in recent years that has expanded its product range. In 2012, Müller acquired Italy-based Comez S.p.A.